President Bola Tinubu has described Nigeria’s meagre 4.5 giga watts of power generation as shameful.
In a statement by presidential spokesperson, Ajuri Ngelale, Tinubu spoke during the inauguration of the Presidential Economic Coordination Council (PECC) on Thursday.
According to Ngelale, the president called for the collaboration of PECC members, to increase Nigeria’s on-grid electricity capacity.
”We have the challenge of energy security in Nigeria. We need to work together to improve our oil and gas sector, and we must also increase electricity generation and distribution throughout the country,” Tinubu was quoted as saying.
“We are determined to do that with your cooperation, collaboration, and recommendations. As a nation, it is so shameful that we are still generating 4.5GW of electricity.
”We must increase our oil production to two (2) million barrels per day within the next few months and we are determined to remove all entry barriers to investments in the energy sector while enhancing competitiveness.”
Tinubu highlighted the need for innovative solutions to the country’s economic challenges, stressing the importance of public-private partnerships in driving economic reforms.
Also, Tinubu announced measures under the economic stabilisation programme, aimed at stabilising the economy, enhancing job creation, and fostering economic security.
